What's new, what's happening, and what's to come in Tampa Bay public transportation.

Friday, June 7, 2013

HART Regular Board Meeting 6/3/13 - Recap

During its regular meeting on
Monday, June 3, the HART Board approved several action items. The main focus of
the session was a presentation on the Proposed FY2014 Operating and Capital
Budget by Jeff Seward, HART Chief Financial Officer.

"We are pleased to be able to provide the community a balanced budget
which has a planned increase of service hours to our riders," said Jeff
Seward, HART CFO. "Including new late night, midday, and weekend service
on some of our key routes. All of that was achieved through strong fiscal
stewardship yielding over $1.2 million of savings."

Highlights of the
Proposed FY2014 Operating and Capital Budget

FY2014 goals provide stable foundation
for 5 years with continued emphasis on out-year fiscal
sustainability.

Primary goals include: maintaining
current levels of service, supporting continued ridership increases, and
providing enhancements to selected current services, with a general focus
on long-term fiscal sustainability, in order to enable migration from
federal reliance.

Cost saving
measures include: across-the-board spending controls and realignment of
resources. Reinvestment of savings will add $1.2 million of service
enhancements.

The Proposed
FY2014 Operating and Capital Budget is balanced at $77,252,226, which is
26.7% under the FY2013 Amended Budget.

The Proposed
FY2014 Operating Budget is$62,034,259, which is $453,748 higher than the
FY2013 Amended Budget.

The Proposed
FY2014 Capital Budget is $15,217,967, which is $28,567,682 less than the
FY2013 Amended Budget.

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